FirstCash Holdings, Inc. (NASDAQ:FCFS) CFO Sells $233,060.00 in Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $116.53, for a total value of $233,060.00. Following the transaction, the chief financial officer now owns 92,715 shares of the company’s stock, valued at $10,804,078.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

FirstCash Stock Up 0.2 %

FirstCash stock traded up $0.26 during trading on Monday, hitting $116.61. 293,799 shares of the company were exchanged, compared to its average volume of 223,766. The business’s 50 day moving average is $121.83 and its 200 day moving average is $115.28. FirstCash Holdings, Inc. has a 52 week low of $88.05 and a 52 week high of $133.64. The company has a market capitalization of $5.30 billion, a P/E ratio of 22.73 and a beta of 0.63. The company has a current ratio of 3.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.75.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The firm had revenue of $836.40 million during the quarter, compared to the consensus estimate of $846.08 million. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. Analysts predict that FirstCash Holdings, Inc. will post 6.75 earnings per share for the current year.

FirstCash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.20%. FirstCash’s dividend payout ratio (DPR) is presently 27.29%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FCFS. Vanguard Group Inc. grew its stake in shares of FirstCash by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 4,062,478 shares of the company’s stock worth $440,332,000 after acquiring an additional 219,983 shares during the period. Boston Partners lifted its holdings in FirstCash by 43.6% during the 3rd quarter. Boston Partners now owns 511,026 shares of the company’s stock worth $51,858,000 after purchasing an additional 155,085 shares in the last quarter. Sei Investments Co. lifted its holdings in FirstCash by 34.8% during the 4th quarter. Sei Investments Co. now owns 575,254 shares of the company’s stock worth $62,352,000 after purchasing an additional 148,502 shares in the last quarter. FMR LLC raised its holdings in shares of FirstCash by 2.3% in the 3rd quarter. FMR LLC now owns 6,556,669 shares of the company’s stock valued at $658,158,000 after acquiring an additional 145,821 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of FirstCash by 182.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 199,902 shares of the company’s stock valued at $20,066,000 after acquiring an additional 129,111 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FCFS. TD Cowen upgraded FirstCash from a “hold” rating to a “buy” rating and raised their price objective for the stock from $130.00 to $145.00 in a research report on Wednesday, April 10th. Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and boosted their price target for the company from $125.00 to $140.00 in a research note on Monday, April 29th. Finally, Stephens boosted their price target on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd.

FirstCash Company Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.